TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain Sells 600 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TriNet Group Stock Up 2.1 %

Shares of TNET stock opened at $73.02 on Friday. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $87.48 and a 200 day moving average price of $92.06. The stock has a market cap of $3.62 billion, a P/E ratio of 21.35 and a beta of 1.21.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. TriNet Group’s dividend payout ratio is currently 29.24%.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock valued at $37,366,000 after acquiring an additional 39,351 shares during the period. Summit Global Investments acquired a new stake in shares of TriNet Group in the 3rd quarter valued at $605,000. US Bancorp DE grew its holdings in shares of TriNet Group by 9,893.1% in the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after purchasing an additional 7,123 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after purchasing an additional 391,720 shares in the last quarter. Finally, Simcoe Capital Management LLC acquired a new stake in shares of TriNet Group during the 3rd quarter worth about $16,966,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on TNET shares. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.